Genworth to Stop Selling AARP Long Term Care Insurance Branded Products
Genworth announced today that they will cease new sales of AARP Long Term Care Insurance branded products.
This cessation comes nearly 6 years after the two companies joined together to provide innovative Long Term Care Insurance products specifically for AARP members. Existing Long Term Care coverage will not be affected by the change. 
Genworth (NYSE: GNW) is a Fortune 500 company that currently holds the ranking as the largest Long Term Care Insurance provider in the nation.
In 2007, Genworth joined with AARP to provide unique Long Term Care planning tools[…]
Long Term Care Changes for Transamerica in New York
A press release sent out this morning by Transamerica outlines the new changes and policies associated with the upcoming sale of TransCare II 2012 in New York.
Transamerica will make TransCare II 2012 available in New York effective May 9, 2013.
TransCare II, their previous Long Term Care insurance, will no longer be available in New York after May 8, 2013.
New York is the most recent state to acquire TransCare II 2012. California began selling TransCare II 2012 on March 22, 2013.
Several changes will go into effect and are applicable only to businesses in New York. New business rates will increase 5%. These new[…]
Government Commission on Long Term Care
As recently reported on this blog, the “fiscal cliff” deal signed on the 1st of January this year by Congress included a few items relevant to Long Term Care Insurance and created a new Government Commission on Long Term Care. Namely, the final, and widely-thought to be inevitable, repeal of the CLASS Act was included in this deal as well as the subsequent formation of the Government Commission on Long Term Care to examine the problem. This commission is tasked with taking a hard look at the impending crisis of the lack of long-term care planning and coverage in America. This crisis,[…]
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